TORONTO, May 16, 2013 /CNW/ - The Commission issued an Order in the
above named matter which provides that:

pursuant to paragraph 1 of subsection 127(1) of the Act that the
registration of Quadrexx as a PM and as an IFMis suspended effective immediately;

pursuant to subsection 127(8) of the Act that the portion of the
Temporary Order issued under paragraph 2 of subsection 127(1) that
ordered all trading to cease in the securities of Quadrexx and Quadrexx
Related Securities is extended to August 15, 2013, other than as may be
required to facilitate the dissolutions or wind ups of Quadrexx and/or
the Quadrexx Related Securities;

that the hearing to consider: (i) the need to further extend the
Temporary Order; and (ii) for the Commission to receive an update on
the wind ups or dissolutions of Quadrexx, OOVSS, QSA, CHWIP and HFI
will proceed on August 14, 2013 at 10:00 a.m.